Venezuela's opposition party is proposing to export 200K b/d to a trustee who would use the proceeds to pay off creditors' claims on Venezuelan assets abroad.
July 30, 2023
What are the prospects of the world's two largest heavy-oil producers in the coming New Year?
January 03, 2023
The company has filed a permit with the Alberta Energy Regulator to build a 60K-b/d diluent-recovery unit (DRU) on a 46-acre (19-ha) site near Bruderheim, Alberta, Canada.
December 19, 2022
Canada's largest oil and gas producer Canadian Natural Resources Ltd. (CNRL) said in a Nov. 30 investor presentation that it aims to boost its crude production to a record 1.0MM b/d next year as the company boosts drilling activity amid the ongoing strength in oil prices and demand.
December 13, 2022
On Nov. 26, the US Treasury Department granted a six-month authorization to US oil major Chevron Corp. (CVX) to resume operations in Venezuela and to export oil and refined products to the US from its Venezuelan operations.
December 05, 2022
Canada aims to cut its CO2 emissions from its upstream sector by 42% from a 2019 baseline by 2030, which will amount to a reduction of 66MM mt/y.
December 01, 2022
State-owned PDVSA reported that, in its western division, which includes the Lake Maracaibo region, production has fallen from 147.6K b/d at the end of Jan., ...
November 21, 2022
The Canadian energy firm has increased its stake in the Fort Hills oilsands project to 75.4% by acquiring Teck Resources Fort Hills stake for C$1B ($737MM), a move that industry observers say is driven by Suncor Energy Inc.'s desire to extend the life of its biggest mine.
November 14, 2022
In Oct., the heavy-sour Canadian grade's discount to the light-sweet US grade reached a level that was 250% times higher than normal and was at the widest in four years.
November 07, 2022
According to a Bloomberg report, Canadian crude price differentials have hit a four-year low against US WTI due to a combination of planned maintenance shutdowns ..
November 01, 2022
